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INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2021

INVESTMENT SECURITIES

Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity


					Gross			Gross
					Unrealized/			Unrealized/
		Amortized			Unrecognized			Unrecognized
At March 31, 2021		Cost			Gains			Losses			Fair Value
Debt securities available for sale:
Residential mortgage-backed securities		$	368,776		$	1,540		$	(3,546)		$	366,770
Commercial mortgage-backed securities			29,895			828			(271)			30,452
Asset-backed securities			5,002			—			(29)			4,973
U.S. Government agency			67,993			—			(1,570)			66,423
Securities issued by states and political subdivisions in the U.S			11,909			—			(539)			11,370
Total securities available for sale		$	483,575		$	2,368		$	(5,955)		$	479,988

Held-to-maturity securities:
Residential mortgage securities		$	2,492			65			—			2,557
Total securities held-to-maturity		$	2,492		$	65		$	—		$	2,557

Equity investments:
CRA Mutual Fund		$	2,308			—			(27)			2,281
Total non-trading equity investment securities		$	2,308		$	—		$	(27)		$	2,281


					Gross			Gross
					Unrealized/			Unrealized/
		Amortized			Unrecognized			Unrecognized
At December 31, 2020		Cost			Gains			Losses			Fair Value
Debt securities available for sale:
Residential mortgage securities		$	192,163		$	2,599		$	(74)		$	194,688
Commercial mortgage securities			32,589			997			(94)			33,492
U.S. Government agency securities			37,997			—			(81)			37,916
Total securities available for sale		$	262,749		$	3,596		$	(249)		$	266,096

Held-to-maturity securities:
Residential mortgage securities			2,760			67			—			2,827
Total securities held to maturity		$	2,760		$	67		$	—		$	2,827

Equity investments:
CRA Mutual Fund			2,299			14			—			2,313
Total non-trading equity investment securities		$	2,299		$	14		$	—		$	2,313

Schedule of Realized Gain (Loss) on Sales and Calls of Securities


		Three months ended March 31,
		2020
Proceeds		$	20,975
Gross gains		$	975
Tax impact		$	(387)

Schedule of amortized cost and fair value of debt securities classified by contractual maturity


		Held-to-Maturity						Available-for-Sale
At March 31, 2021		Amortized Cost			Fair Value			Amortized Cost			Fair Value
Within one year		$	—		$	—		$	—		$	—
One to five years			—			—			47,993			47,092
Five to ten years			—			—			15,000			14,631
After ten years			—			—			16,909			16,070
Total		$	—		$	—		$	79,902		$	77,793

Residential mortgage securities		$	2,492		$	2,557			368,776			366,770
Commercial mortgage securities			—			—			29,895			30,452
Asset-backed securities			—			—			5,002			4,973
Total Securities		$	2,492		$	2,557		$	483,575		$	479,988


		Held-to-Maturity						Available-for-Sale
At December 31, 2020		Amortized Cost			Fair Value			Amortized Cost			Fair Value
Within one year		$	—		$	—		$	—		$	—
One to five years			—			—			37,997			37,916
Five to ten years			—			—			—			—
Due after ten years			—			—			—			—
Total		$	—		$	—		$	37,997		$	37,916

Residential mortgage securities		$	2,760		$	2,827		$	192,163		$	194,688
Commercial mortgage securities			—			—			32,589			33,492
Total Securities		$	2,760		$	2,827		$	262,749		$	266,096

Schedule of securities with unrealized/unrecognized losses


		Less than 12 Months						12 months or more						Total
		Estimated			Unrealized			Estimated			Unrealized			Estimated			Unrealized
At March 31, 2021		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
Debt securities available for sale:
Residential mortgage securities		$	233,408		$	(3,546)		$	—		$	—		$	233,408		$	(3,546)
Commercial mortgage securities			9,520			(270)			383			(1)			9,903			(271)
Asset-backed securities			4,974			(29)			—			—			4,974			(29)
U.S. Government agency securities			66,423			(1,570)			—			—			66,423			(1,570)
Securities issued by states and political subdivisions in the U.S			11,370			(539)			—			—			11,370			(539)
Total securities available for sale		$	325,695		$	(5,954)		$	383		$	(1)		$	326,078		$	(5,955)

Equity investments:
CRA Mutual Fund		$	2,281		$	(27)		$	—		$	—		$	2,281		$	(27)
Total equity investment securities		$	2,281		$	(27)		$	—		$	—		$	2,281		$	(27)


		Less than 12 Months						12 months or more						Total
		Estimated			Unrealized			Estimated			Unrealized			Estimated			Unrealized
At December 31, 2020		Fair Value			Losses			Fair Value			Losses			Fair Value			Losses
Debt securities available for sale:
Residential mortgage securities		$	33,734			(74)			-			-			33,734			(74)
Commercial mortgage securities			12,314			(93)			385			(1)			12,699			(94)
U.S. Government agency securities			37,916			(81)			—			—			37,916			(81)
Total securities available-for-sale		$	83,964		$	(248)		$	385		$	(1)		$	84,349		$	(249)